Investment Apartment Building in Kurashiki, Okayama
This property is a wooden two-story apartment building located in the Toba area of Kurashiki City, Okayama Prefecture. The building comprises a total of 16 units, each with a 1LDK layout. The property is being sold as an owner-change investment, with the current tenants in place. The expected annual rental income is 15 million yen, including income from the solar power generation system, giving a gross yield of 5.0% based on full occupancy.
The building was constructed in September 2017 and has a total floor area of 715.46 square meters. The land area is 1038.4 square meters. The property is situated on a flat, rectangular plot of land in a Category 1 Low-Rise Residential Zone and a Category 2 Residential Zone. The building coverage ratio is 50% and the floor area ratio is 100%.
The property features a 49.44 kW solar power generation system. Other equipment includes propane gas, a public water supply, a public sewer system, a gutter, a hot water supply system, a delivery box, electricity, dedicated toilets, separate bath and toilet, a warm-water bidet toilet seat, a reheating function for the bath, an indoor washing machine space, internet connectivity, a TV monitor intercom, a fire alarm system, a bicycle parking area, and parking spaces for residents (available for a monthly fee of 5,500 yen). The road frontage details indicate the property faces a 4-meter wide public road to the east, with a frontage of 5 meters, and the road is paved.
The property is located approximately 550 meters (an 8-minute walk) from Nakasho Station on the JR Sanyo Main Line, providing convenient access to public transportation. The building is in the Kurashiki City area, which is part of Okayama Prefecture.
